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Sep 27, 2012
09/12
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for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not led to, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frenchman. >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis like undoubtedly the euro zone crise has been, you either accept the distraction
for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front...
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Sep 28, 2012
09/12
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unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he
unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy...
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Sep 29, 2012
09/12
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. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles...
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Sep 29, 2012
09/12
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. >> they came to narrow the deficit next year to 3% of national output -- date came to narrow the deficit next year. >> among the measures -- a temporary 75% income tax on earnings over 1 million euros. business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the re
. >> they came to narrow the deficit next year to 3% of national output -- date came to narrow the deficit next year. >> among the measures -- a temporary 75% income tax on earnings over 1 million euros. business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending...
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zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's current leader may fall into the same trap many of his criticizers deal. who who who the past decades of governments have been cutting and cutting and cutting mostly to expenses to balance budgets but in fact the more they cut the slower the economic growth and consequently more cuts this will be a catastrophic budget i think taxing the rich and unprecedented seventy five percent for those that earn however a million euros a year was one of our lands crucial election promises allow a publisher editor and a french millionaire says the move is nothing but a political game. did this to make his electorate come d
zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's...
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Sep 28, 2012
09/12
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it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will be presented at the weekly committee meeting in the next couple of minutes, but we don't have any public announcement only later this afternoon here at the budget ministry. the budget finance and budget minister will unveil the details. so this is where i'm standing right now and this is where we're going to have the details a bit later in the afternoon. >> we'll watch for all that. stefane from paris for us. let's swing over to steve sedgwick in madrid. and your location has seen protests, has basically been one of getting a sense of what the public is looking at. now you're at the stock exchange there. it see
it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will...
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Sep 28, 2012
09/12
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ministers met to decide how to fix a large hole in the finances and reduce the deficit. the richest households and the biggest companies would bear most of the pain. >> this is a fighting budget to restore the country to health. this is fighting a debt. >> the budget will lead to savings of 30 billion euros next year. that is less than 2% of the economic output. public spending will be frozen. care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he is a new media person and a millionaire and he believes the higher taxes will send a message that france is not open for business. >> the risk is not only that talent will leave the country but the young ones with talent will leave the country. >> this week has seen the paris motor show. hard selling in tough times. the french economy is stagnating and workers are being laid off. eight thousands at peugeot alone. some argue that if france is to grow again, it needs radical reform. >> in france, we must do everything for the future to have our industry competitive. beyond retreat -- restructuri
ministers met to decide how to fix a large hole in the finances and reduce the deficit. the richest households and the biggest companies would bear most of the pain. >> this is a fighting budget to restore the country to health. this is fighting a debt. >> the budget will lead to savings of 30 billion euros next year. that is less than 2% of the economic output. public spending will be frozen. care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he...
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now which brings me to my next story because french law law and because france needs to rein in its deficits and debt to g.d.p. has now surpassed ninety per cent he's announced he's going to tax the super rich seventy five per cent. temporarily. so i just think this is a funny switch because remember marie antoinette let them eat cake she was talking about the poor and the reverse this is the reverse this is like the lefty slogan eat the rich the rich people are at war let them eat. what's so crappy bread for people i don't know. i mean wonder bread in greece now for going yeah but anyway whenever it's dry bread the point is it's counter versus interesting i mean france and france is a kind of outback the kind that's on no one's horizons for the other no one's really talking about but john moulden who we interviewed said that that is the city to watch as the city in the country what kind of backlash ok so the rich is basically a lucky slogan saying if the poor get desperate they will eat the ranch alone but what do you think the backlash from the rich is going to be in france for being taxed
now which brings me to my next story because french law law and because france needs to rein in its deficits and debt to g.d.p. has now surpassed ninety per cent he's announced he's going to tax the super rich seventy five per cent. temporarily. so i just think this is a funny switch because remember marie antoinette let them eat cake she was talking about the poor and the reverse this is the reverse this is like the lefty slogan eat the rich the rich people are at war let them eat. what's so...
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Sep 29, 2012
09/12
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they knew they would have a one billion dollar deficit last year. on top of that they will add unscheduled pay hikes negotiated by the union. the situation is getting worse and getting worse quickly. melissa: you say if they decide to borrow. what else could they do? >> there aren't too many options. the revenue option is basically shut down. chicago property taxes are high. the growth is capped. chicago already increased excise taxes and allocated money elsewhere. not like the state government can come riding to the rescue. everyone knows illinois is broke. a federal bailout would have a lot of problems. it is unclear how the district will solve its mess. melissa: they pay 3.5% to borrow which may or may not sound like a lot, but if you compare to other places they pay 1.5% and some say that could go all the way up to 5% because they don't look responsible in their finances to the various bond rating agencies. do you think that is the case that, it could go up to five? >> you know it could go up. problem of rising interest rates and pool of discour
they knew they would have a one billion dollar deficit last year. on top of that they will add unscheduled pay hikes negotiated by the union. the situation is getting worse and getting worse quickly. melissa: you say if they decide to borrow. what else could they do? >> there aren't too many options. the revenue option is basically shut down. chicago property taxes are high. the growth is capped. chicago already increased excise taxes and allocated money elsewhere. not like the state...
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changes here in the country but while france is economically struggling with an enormous dad huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. south america is the new hunting ground for russian oil sun isn't dials at our listeners does that was the story here is this one writes to a joint field to venezuela the company sixteen billion dollars into the carriage to block the little share with venezuela c.v.t. it's a busy time for us and if which is also tying up cross ownership deal with britain's p.p. rate of course or explains there are more twists and turns in this field and in the news where the pork right to really get the full picture when we take a look at who makes up the n.k.p. and how we got so this point so the british partners are here the russian side is represented by a our tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another or major that was wrong to e
changes here in the country but while france is economically struggling with an enormous dad huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. south america is the new hunting ground for russian oil sun isn't dials at our listeners does that was the story here is this one writes to a joint field to venezuela the company sixteen billion dollars...
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changes here in the country but while france is economically struggling with an almost huge budget deficit and an employment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france and of course r.t. is coming to you live from the heart of moscow i'm wrong and i'll have more news for you after a very short break. looking at some dogs you simply do not believe they come speak and goodness how they can wrong oh. it's an international sled dog race with those driving the dogs. coming from as far away as a strength in canada and the us they come to russia and everybody is so very friendly they welcomed me with open arms and the scenery is so beautiful it's very much like alaska and so i felt at home the first sled dog was brought here from australia now a stray i've come to this remote russian village to take part in the race it's not surprising they love it this trail ira mazie. but even more amazing is the story of how racing first started here at all it wasn't the tough mushers of sled d
changes here in the country but while france is economically struggling with an almost huge budget deficit and an employment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france and of course r.t. is coming to you live from the heart of moscow i'm wrong and i'll have more news for you after a very short break. looking at some dogs you simply do not believe they come speak and goodness how...
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Sep 27, 2012
09/12
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they don't have a deficit reduction plan. they have a deficit expansion plan. >> i don't worry about the polls. i worry about making sure that my message gets through to the american people and the best chance for that to happen will probably be through debates as well as the ads that we each run over the coming weeks. it will be a very intensive time and i'm absolutely convinced that the american people do not want four more years of the last four years and that's why i'll win. >> pippa, there is so much pressure on mitt romney to perform well at the debates. but it seems quite clear that he's given up what lead he might have had in the polls. will he be able to turn his campaign around and what's the impact for markets? >> bottom line is that the whole race costs down to five states and probably only 11 counties. romney is losing his lead in those counties. and i think part of it is through mistakes that need not have been made. he was campaigning in toledo, ohio, which is never ever going to vote for him. what are they doi
they don't have a deficit reduction plan. they have a deficit expansion plan. >> i don't worry about the polls. i worry about making sure that my message gets through to the american people and the best chance for that to happen will probably be through debates as well as the ads that we each run over the coming weeks. it will be a very intensive time and i'm absolutely convinced that the american people do not want four more years of the last four years and that's why i'll win. >>...
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changes here in the country but while france is economically struggling with an enormous huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. which has all majors are moving abroad dale's head how business desk or the story. is becoming the latest play will develop an oil field in venezuela the company will have a sixteen billion dollars into the carriage. with the venezuelan oil corporation c v p. also anticipated to toy with b.p. of britain the two firms are currently in negotiations over a stake in b.p. really because of rick's planes. there are more twists and turns in this deal than on the moon is made a park ride to really get the full picture when you take a look at who makes up the n.k.v.d. and how we got so this point so the british partners are here the russian side is represented by a our tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another or major that
changes here in the country but while france is economically struggling with an enormous huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. which has all majors are moving abroad dale's head how business desk or the story. is becoming the latest play will develop an oil field in venezuela the company will have a sixteen billion dollars into the...
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Sep 29, 2012
09/12
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school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. lori: freedom of speech under fire. one man's video, world leaders up in arms a lori: outrage across the world with his entire islam you to video under arrest. could face up to three years behind bars for allegedly violating his parole and lying about his involvement in the film. this as global leaders feared nuys the very notion of free speech. joining me now. great to see you. first, the filmmaker. and so let you know how to pronounce his name. >> that's why he was arrested. people have said, how can he be arrested on a probation violation? because we don't know who he is. you will even give us his real name. lori: an information gathering exercise and the part of the stories. >> more than that because he as a probation violation on chec
school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. lori: freedom of speech under fire. one man's video, world leaders up in arms a lori: outrage across the world with his entire islam you to video under arrest. could face up to three...
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Sep 25, 2012
09/12
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but if you try to use it on a regular basis, you will face sooner or later problems in the deficit and that is exactly what is happening with several economies in europe right now. that is why we've put in place an exit strategy to regain the fiscal balance including several painful measures. for instance increasing the tax revenues come producing the public expenditures, promoting the reforms and the deregulation program. we also sit down with a very inefficient energy company which saves the government more than $5 billion a year in subsidies. thanks to the fiscal discipline, the public debt is a historical low level. more than twice the amount of the total cash, and maintain the lowest inflation levels of the past seven decades cash. another important factor behind mexico's sensibility is our financial sector tenet leal in the u.s., the crisis started in the financial market in the banking sector texaco, the financial sector was not a part of the problem but a part of the solution. thanks to the improvements and regulations, the mexican banks have 16% almost double that recommendati
but if you try to use it on a regular basis, you will face sooner or later problems in the deficit and that is exactly what is happening with several economies in europe right now. that is why we've put in place an exit strategy to regain the fiscal balance including several painful measures. for instance increasing the tax revenues come producing the public expenditures, promoting the reforms and the deregulation program. we also sit down with a very inefficient energy company which saves the...
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Sep 28, 2012
09/12
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i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate. if it goes up, they're really getting the short end of the stick here. the small businesses, which is the problem. >> the job creation engine. >> exactly. thank you so much. carly fiorina, robert frank. so how long do you think this will last if it is really true? zillo pegged the value of this detroit suburban home at only $52,000 this morning. this house, of course, is where police think notorious teamster's boss jimmy hoffa is buried. we'll have the latest on the big dig that has the nation gawking. >>> then i'll speak with the man who heads up o
i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate....
WHUT (Howard University Television)
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Sep 28, 2012
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the growth can actually produce the kind of income which would allow them to be able to reduce the deficit level down to 3% of g.d.p. from 4.5% which is where it is at the moment. the feeling at the moment is it probably won't. let's shift attention over to spain where we had the budget yesterday. generally speaking people were very favorable about the budget, but -- us asterity measures were those ones this would be conditions for a bailout. so a bailout was coming along and so therefore that's what happening. however, the next thing in line, probably after the market's closed, got to be the stress test on the banks. nobody really knows how deeply in debt banks are. how much bad debt they've got out there. could be anything, 150 billion euros there talking about an enormous. >> talking to banks, i'm thinking of the trouble that banks are getting themselves into over this liable scandal. >> yes. will, libel, of course the race at which the banks lend to each other, and it was established by the british banks and them saying this is what we're lending out. they roughly average it together,
the growth can actually produce the kind of income which would allow them to be able to reduce the deficit level down to 3% of g.d.p. from 4.5% which is where it is at the moment. the feeling at the moment is it probably won't. let's shift attention over to spain where we had the budget yesterday. generally speaking people were very favorable about the budget, but -- us asterity measures were those ones this would be conditions for a bailout. so a bailout was coming along and so therefore...
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members and it requires them to slash the public deficit oh to be punished to be fined critics and people who've come here say these pact is all about control the brussels want to have over the european union members if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros and of course it will affect life in france dramatically go life of ordinary people i mean this budget document says it was already ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of color hit are protesting against. we don't want. because europe wants to pressure us to stop our country from investing in public sectors like education don't with this we are protesting against the stereotype in europe and everybody knows that hysterically leads to recession will have from the cities we are against the imposition of the austerity plan will b
members and it requires them to slash the public deficit oh to be punished to be fined critics and people who've come here say these pact is all about control the brussels want to have over the european union members if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros and of course it will affect life in france dramatically go life of ordinary people i mean this budget document says it was already ready it's been reviewed...
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Sep 30, 2012
09/12
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FBC
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school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. lori: freedom of speech under fire. one man's video, world leaders one mayou know what i loveders about this country? trick question. i love everying about this count! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this grt land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day, block the acid with prilosec otc and don't get heartburn in the first pla. [ male announcer ] one pill each mornin hours. zero heartburn. lori: outrage across the world with his entire islam you to video under arrest. could face up to three years behind bars for allegedly violating his parole and lying ab
school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. lori: freedom of speech under fire. one man's video, world leaders one mayou know what i loveders about this country? trick question. i love everying about this count! including...
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Oct 1, 2012
10/12
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we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the details ou
we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between...
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Oct 2, 2012
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but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different from previous qes. the feds tip toe down a path of what i call nominal gdp targeting. we're tying it directly to real economic outcomes. so they're saying they're not going away and they've opened the door to it already without considering more. so it's a big thing and it's particularly helpful to
but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash...
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Sep 26, 2012
09/12
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means we need to, you know, over the next few years, maybe five to ten years reduce our structural deficit by 1.5 trillion dollars a year. that's a lot of heavy lifting. you know, can we do that? perhaps. but the united states has gotten itself into a corner in terms of high debt level. it may lower real economic growth going forward. >> we didn't even bring up a picture of wimpy, the cartoon character you referred to in the last note. we'll look at the next one coming up shortly. >> thank you. >> certainly europe is a big part of the story again. another massive protest under way in spain. demonstrators railing against deeper austerity cuts. let's go to cnbc's own steve sedgwick in madrid. what's the situation on the ground? >> yeah. on the ground in this part of madrid we are just waiting to see if we see a recurrence of the violent scenes we have seen in the last 24 hours. scenes i have seen too much in greece and basically people are protesting against the kind of austerity that we know has to come if this country will get itself back on its feet. the austerity bill gross was talking a
means we need to, you know, over the next few years, maybe five to ten years reduce our structural deficit by 1.5 trillion dollars a year. that's a lot of heavy lifting. you know, can we do that? perhaps. but the united states has gotten itself into a corner in terms of high debt level. it may lower real economic growth going forward. >> we didn't even bring up a picture of wimpy, the cartoon character you referred to in the last note. we'll look at the next one coming up shortly....
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school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verizon. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon. more 4g lte coverage than all other networks combined. lori: freedom of speech under fire. one man's video, world leaders up in arms a lori: outrage across the world with his entire islam you to video under arrest. could face up to three years behind bars for allegedly violating his par
school system is already facing a billion dollar deficit in 2014. well, still to come, romney's people trying to lower expectations for next week's debate. his steaks. and the film that sparked violence and average around the world. the anti is law movie is banned in other countries. what about your? answers next. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys...